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Friday, 11 December 2015

NCDEX TIPS :- Intraday Chana News

Chana settled down by -1.35% at 4736 as ample stocks position in the physical market on improved supplies following government measures weighed. Since imposition of the stock holding limits on pulses by the states, 1.3 lakh tonnes of pulses have been seized till December 2. As per data release by Agriculture Ministry, pulses planted on 100.4 lakh hac, lower by 7 per cent compared to last year acreage as on now. The acreage under chana reported higher in Maharashtra and Andhra Pradesh compared to last year’s acreage but lower in Rajasthan as per data released by respective state agriculture department. India has imported 3.07 lakh tonnes (lt) of Chana until September in the current financial year.

Trading Ideas: Chana trading range for the day is 4635-4881. Chana settled down as ample stocks position in the physical market on improved supplies following government measures weighed. Since imposition of the stock holding limits on pulses by the states, 1.3 lakh tonnes of pulses have been seized till December 2. As per data release by Agriculture Ministry, pulses planted on 100.4 lakh hac, lower by 7 per cent compared to last year acreage as on now. In Delhi spot market, chana gained by 16.65 rupee to end at 5166.65 rupee per 100 kgs.